Minda Industries: The stock of this company has given excellent returns to the investors. Investors are also looking forward to get the best returns from this stock.
The stock of this company has given very excellent returns to the investors. Investors who had invested Rs 1 lakh in auto component maker Minda Industries, their investment reached Rs 26 lakh within a decade. Investors are hopeful of getting better returns from this stock even further. It is the world’s largest manufacturer of auto components. Due to a strong auto ancillary industry, this company has achieved strong growth. Minda Industries has not only strengthened the ‘Make in India’ campaign in the auto ancillary sector, but it has also given tremendous returns to investors.
Minda Industries (Minda Industries) is headquartered in Gurugram. If we look at the stock of the company, its share was around 21 rupees on April 11, 2011. While the share of this company reached the level of Rs 547 on 9 April 2021. If someone had invested 1 lakh rupees in this stock in 2011, then this amount has now become 26,09,733 rupees. During this time, the company’s stock has given very excellent returns to the investors.
According to Vishal Srivastava, research analyst at Edelweiss, Minda Industries has been trading at a premium in the last 3-4 years. This stock can give excellent returns to the investors in the coming time also. According to him, investors can buy this stock with a target price of Rs 675.
Minda Industries has introduced new products for EVs (which include sensors, LED lighting, smart plugs, body control modules, etc.), which will help EVs continue to grow as well as its growth potential in the country. .
According to Chola Securities, this stock can be purchased with a target price of Rs 631. Similarly, ICICI Securities has a buy rating of Minda Industries with a potential capacity of 14% at a target of Rs 625.
